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...(Ethan Wu) Bank earnings Banks are the most economically sensitive of businesses. They earn a spread by acquiring money at a lower price and lending it at a higher one....
...A top US bank regulator is proposing new limits on big bank mergers, in the wake of the failure of Silicon Valley Bank and two other banks last year, and the recent market turmoil around New York Community...
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...The yen whipsawed against the dollar on Friday as analysts warned of a high risk of intervention by Japanese authorities after the central bank kept interest rates near zero....
...Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Board is facing challenges from some major companies....
...Argentina’s central bank has cut its benchmark interest rate from 70 per cent to 60 per cent, as the monetary authority seeks to reduce the amount of pesos it must print to pay interest on its domestic debt...
...Energy and other commodity prices are unlikely to continue to be a major deflationary force in the coming years, according to the World Bank, hampering central banks in their efforts to cut interest rates...
...Deutsche’s private and corporate bank both suffered falling revenue....
...[MUSIC PLAYING] It’s a big week for central banks. The US Federal Reserve, the Bank of England and the Bank of Japan will all be making important announcements about interest rates in the coming days....
...“Taken together, the absence of news and the passage of time have brought a Bank Rate cut somewhat closer,” Pill said on Tuesday....
...The Bank of Japan is likely to hold off from raising interest rates next week but investors expect the central bank to outline its response to rising inflationary pressures caused by the yen’s decline....
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch sourced in market-based finance”....
...Bank lending has dried up since the ECB last year raised its benchmark deposit rate to 4 per cent....
...Standard Chartered’s outgoing head of investment banking has sold £9.64mn of shares days after the bank revealed he would be leaving amid a corporate shakeup....
...The Bank for International Settlement’s latest Quarterly Review is out, and it includes an interesting little aside on prime brokerages, the corner of investment banks that service hedge fund clients....
...Since taking the reins, Okuda has struggled to turn around the bank and was forced to cut profits targets last May....
...India’s central bank has banned Kotak Mahindra Bank from issuing credit cards or taking on new digital and mobile banking customers, marking the regulator’s latest crackdown on the country’s fast-growing...
...The bank said it continued to expect the metric to average 2.9 per cent this year....
...Some banks are unable to quantify their exposure to private equity, the Bank of England has found, in the latest warning that the $8tn industry could threaten the wider financial system....
...Microsoft has hired the co-founder of Google’s DeepMind, the Bank of Japan raised interest rates for the first time since 2007, and leading European and UK artificial intelligence start-ups have been lobbied...
...Investor mistrust about the fair value of European bank assets, and their resulting knockdown valuations, is the other problem. Stoxx 600 banks trade under 7 times forward earnings....
...Profits fell 13 per cent from the same period a year earlier to £1.6bn, after weakness in the bank’s domestic business and its investment bank drove a 4 per cent decline in group revenues to £7bn....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch” that could be triggered by a retreat of hedge funds, pension funds, insurers...
...China Merchant Bank, one of the leading commercial banks in China, reported its first revenue drop since 2009 due to the central bank’s cuts in loan prime rate and weak credit demand....
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